New search
Property profile & analytics
OFF-MARKET
Estimated value
$16,450,000
Office buildings
846 University Ave, Norwood, MA 02062-2631
Entity Owned
~
Est. High Equity
Property ID
US38-1544056
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
STEEL FRAME
Total area
60,619 SF
Lot
4.61 ac (200,812 SF)
APN
NORW M:00022 B:00011 L:00101
UPID
US38-1544056
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Advancit Capital Gp Ii Financial Advisor
-
National Amusements Inc Theater & Performing Art Venue Music Venue
-
Showcase SuperLux Cinema Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.83M
Comparable Approach
Comparable
$16.38M
Blend (final)
Blend
$16.45M
Owner & transaction history
Falconi Norwood LLC
Falconi Norwood LLC
since 2026
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$26.0M
+46.3%
Commercial (general)
$20.3M
+14.2%
Auto repair, garage
$19.5M
+9.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,650,000
6.5%
$21,830,000
7%
$20,270,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$17,785,000
Current use
RESTAURANT
$26,020,000
Change: +46% · Conversion: Moderate
COMMERCIAL (GENERAL)
$20,315,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$19,520,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$17,750,000
Change: 0% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$17,415,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$16.45M
Range $14.81M – $18.10M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$271 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$224,956
Tax year 2024
Assessed value
$9,404,500
Assessed 2024
Previous assessed
$9,404,500
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$1,534,200
Assessed improvement
$7,870,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
3
Total area
60,619 SF
Lot
4.61 ac (200,812 SF)
APN
NORW M:00022 B:00011 L:00101
UPID
US38-1544056
Jurisdiction
NORWOOD
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$17.8M
RESTAURANT
Est. value
$26.0M
COMMERCIAL (GENERAL)
Est. value
$20.3M
AUTO REPAIR, GARAGE
Est. value
$19.5M
RETAIL STORES
Est. value
$17.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.4M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
3
Lot
4.61 ac
Current owner
From public records · entity-resolved
Falconi Norwood LLC
Entity
Mailing address
PO BOX 9108, NORWOOD, MA 02062-9108
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2026
$3,800,000
Falconi Norwood LLC
846 University LLC
Quitclaim Deed
—
Jun 29, 2020
—
846 University LLC
—
Deed
related
$1 · Wells Fargo Bank NA
Aug 14, 2006
$9,400,000
846 University LLC
846 LP
Grant Deed
—
Jul 14, 2005
—
846 LP
—
Deed Of Trust
related
$5,100,000 · Salem Five Cents Savings Bank
Jun 6, 1995
$5,800,000
846 LP
Prudential Ins Co
Grant Deed
$5,000,000 · Principal Mutual Life Ins
Jul 28, 1988
$7,650,000
Norwood RT
Cullinet Software
Grant Deed
$7,000,000 · Bankboston Development Co LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 846 University Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
